“We’re going to be in a position where I believe in the first six months we are going to solve that big piece of business,” Obama said. “It will probably be messy. It won’t be pleasant. But I am absolutely confident that we can get what is the equivalent of the grand bargain that essentially I’ve been offering to the Republicans for a very long time, which is $2.50 worth of cuts for every dollar in , and work to reduce the costs of our health-care programs.”

And here is the link to a post that has links to and photographs of the actual Grand Bargain proposal, which Obama has just said he seeks "the equivalent of":